Bankruptcy Fundamentals
Core concepts and definitions every bankruptcy petition preparer should know.
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26 articles in "Bankruptcy Fundamentals"
Bankruptcy FundamentalsWhat Is 722 Redemption in Bankruptcy?
722 redemption lets Chapter 7 debtors pay a lump sum equal to a vehicle's real value instead of the full loan balance. Here's how it works and how it compares to a cram-down.
Bankruptcy FundamentalsDead People Cannot File Bankruptcy
The other day, an interesting question came into the 713 Training office from a paralegal working on a Chapter 7 bankruptcy petition. The debtor was a widow who claimed most of the debts were only...